MNS 0.00% 4.2¢ magnis energy technologies ltd

"So what concerns you, that a 200m factory was bought for 5m,...

  1. 224 Posts.
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    "So what concerns you, that a 200m factory was bought for 5m, when it could have fetched 30m +. Thats smart buying, the planning and timelines would have started before the purchase, but would have bern light in detail. Good companies adapt, and mns has done that"

    Capraise, with all respect you are driving me mad. Are you still saying what C4V/Magnis has bought for 5m has a value of 200m (Factory price or as a used equipment?) The value of assets is critical for evaluating a companies value and critical for the stock market. And, if you have a 200m collateral it should be no problem to raise 50m finance? The whole story just does not make sense IMO. Anyone who can please educate me if I am mistaken.

    It is not about asking to see the books only trying to understand the business.
 
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